President Bola Ahmed Tinubu on Tuesday sent the 2024 budget estimates of the Federal Capital Territory Administration (FCTA) to the House of Representatives for consideration and passage.
The President’s letter conveying the budget, which was read on the floor of the House at plenary on Tuesday, however did not specify the amount on the budget estimate.
The letter reads: “In line with the provisions of section 121 and 299 of the Constitution of the federal Republic of Nigeria, 1999, the Honourable Minister of the Federal Capital Territory has prepared the 2024 budget proposal of the FCT which is here before you for the consideration and approval by the National Assembly.
“The proposal has been prepared on the basis of the FCTA revenue abd expenditure focus andnis in line with the fiscal abd development policy of the federal government and the renewed hope agenda.
“In addition, the budget proposal takes into consideration, the 2024/2026 economic recovery and growth plan as well as key assumptions in the 2024 budget.
“The FCTA is priotising improvement in health care services, job creation, youth empowerment abd increased productivity in agriculture in other to lift many citizens as much as possible out of poverty.“I hereby forward the 2024 statutory budget proposal of the FCTA and I trust that it will receive the kind consideration and expeditious approval of the House of Representatives. Please accept the assurances of my highest regards.”
The President’s letter will be forwarded to the House Committee on Appropriation for deliberation before it is approved by the House.